Property News · April 10, 2019

Investors, developers eye Hong Kong industrial buildings built before 1987 after city relaxes conversion policy


Property owners, investors and developers are taking advantage of a recent policy relaxation by the Hong Kong government, which seeks to encourage the conversion of old industrial buildings for commercial purposes, to generate higher rents and resale prices.Hong Kong textiles company Lawsgroup, for instance, last week began demolition at Maxwell Industrial Building, a property it owns in Kwun Tong, after receiving approval from the city’s Town Planning Board last month. It acquired the property…

Source : South China Morning Post
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